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Mainland to sell 8b yuan of bonds in HKi

Updated: 2010-11-22 10:24

(Agencies)

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BEIJING - Chinse mainland will issue eight billion yuan worth of bonds in Hong Kong to stimulate the fledgling market in yuan-denominated debt in the territory, the Ministry of Finance said on Monday.

The Ministry of Finance will sell five billion yuan of debt to institutional investors, broken down as follows:

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-- two billion yuan with a maturity of three years;

-- two billion yuan with a maturity of five years;

-- one billion yuan with a maturity of 10 years.

The ministry will also sell three billion yuan of two-year paper to retail investors, the ministry said on its website, www.mof.gov.cn

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